Multi-Tenant Office
For Sale
$1,825,000
5275 Office Park Boulevard, Bradenton, FL 34203
Single-story professional office property with three suites, updated finishes, and dedicated on-site parking.
Property Size5,818 SF
Lot Size0.64 Acres
Price / SF$343.56
Days on Market22
Property Features for 5275 Office Park Boulevard
General Information
Standard status
Active
Size
5,818 SF
Lot size
0.64 Acres
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.5%
Office Units
3
Building Details
Year Built
2006
Buildings
1
Stories
1
Building Size
5,818 SF
Tenancy
Multi
Listing Agency:
WAGNER REALTY
(407) 580-6673
Listed By:
John Rojas, PA
Source:
Chenoregroup
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 28 at 8:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WAGNER REALTY
Investment Insights
Based on property information with market context.
Built in 2006, this single-story office property is arranged as three professional suites and is 100% occupied with long-term leases in place. Recent improvements include a new roof and updated interior finishes, while on-site parking and monument signage support day-to-day business operations and property identification.
The building sits within Peridia Office Park near State Road 70 and minutes from Interstate 75, with access to Bradenton, Sarasota, Lakewood Ranch, and surrounding Gulf Coast markets. Its setting is supported by nearby healthcare providers, retail centers, restaurants, and financial institutions, as well as continued residential and commercial expansion in eastern Manatee County.
The building sits within Peridia Office Park near State Road 70 and minutes from Interstate 75, with access to Bradenton, Sarasota, Lakewood Ranch, and surrounding Gulf Coast markets. Its setting is supported by nearby healthcare providers, retail centers, restaurants, and financial institutions, as well as continued residential and commercial expansion in eastern Manatee County.
Key Highlights
- 100% occupied with long‑term leases in place
- Three professional office suites in a single‑story building
- New roof and updated interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,743
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,734,860
$1.7M
Cap Rate 7%
$1,239,186
$1.2M
Cap Rate 9%
$963,811
$963.8K
Market Conditions
NOI Build-Up for 5,312 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.4K $23.04/SF
− Vacancy
−$6.7K −$1.27/SF
EGI
$115.7K $21.77/SF
− OpEx
−$28.9K −$5.44/SF
NOI
$86.7K $16.33/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,734,860
Cap Rate 7%
$1,239,186
Cap Rate 9%
$963,811
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.45M
NOI $86,743 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,346 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 34203, FL
39,853
Population
20,709
Households
1.9
Avg Household Size
48
Median Age
26%
College-Educated
87%
High-School Grad
15.5 sq mi
ZIP Area
2,571
Density / Sq Mi
$68,030
Median Household Income
$39,829
Median Earnings
$1,437
Median Rent
$302,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story professional office property with three suites, updated finishes, and dedicated on-site parking.
Where is this office building located?
The property is located at 5275 Office Park Boulevard Bradenton, FL.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 100% occupied with long‑term leases in place; Three professional office suites in a single‑story building; New roof and updated interior finishes
